Market Cap $ 48.991 MM (#112)
24h Volume $ 2.122 MM
Chg. 24h: 1.43%
Algo. score 3.3/5  (#275)
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Salt Expands To 7 Countries And 15 Additional US States

Salt, a cryptocurrency startup that offers crypto-backed loans has announced its rapid expansion plans today. It is opening offices in 15 new states, including New Jersey, Massachusetts, Washington, and Texas. With the addition of these states, Salt is now available in a total of 35 States in the US. Also, for the first time, Salt has expanded beyond the US market. Customers in Brazil, Hong Kong, Switzerland, Vietnam, Bermuda, Puerto Rico, and the United Arab Emirates will soon be able to start using it. Salt (SALT) is priced at $0.61888, gaining 3.48% in the last 24 hours. (VS)

9 days ago

Litecoin Finds Ground As SALT Adds Support

Blockchain lending platform SALT recently announced that it will start accepting Litecoin as collateral for loans. The interest rate is set at 7.99% for loans below $75,000, and 11.99% for loans up to $25 Million. Litecoin had fallen from $64 last week. However, the announcement has helped Litecoin to form a new support above $57. Litecoin (LTC) is currently priced at $57.98, losing 1.06% in the last 24 hours. The 24-hour trade volume has gone up from $325 Million to $425 Million, and the total market cap is at $3.39 Billion right now. (VS)

10 days ago

Bithumb Crypto Exchange to List Salt (SALT) and Raiden Network Token (RDN)

The team at Bithumb recently posted the following announcement on their Twitter feed: SALT (SALT) and Raiden Network Token (RDN) will be listed on Bithumb Today! Date : October 5, 2018(Fri) at night (UTC+9).” The current trading price of SALT is $0.6922, showing an increase of 40% over the past 24 hours. RDN is currently trading at a price of $0.66, marking an increase of 36% over the past 24 hours. (JF)

13 days ago

Salt Lending Expands to Support Litecoin-Backed Loans, SALT Coin Advances 15%

Crypto investors who would like to hold onto their Litecoin but need access to cash can now use their LTC as collateral to borrow on Salt Lending. In addition to Litecoin, Salt Lending also supports bitcoin and Ethereum. The startup also announced lower interest rates of 5.99% for loans less than $75,000. Larger loans have interest rates starting at 11.99% and customizable rates are also an option. SALT coin advanced nearly 15% on the development and is currently trading at $0.54. (GT)

13 days ago

Bitcoin ATMs Increase in Utah as More Firms Accept Crypto for Payment

According to data from CoinATMRadar, there are currently 3,824 Bitcoin ATMs distributed around the globe in 76 countries. The US holds most of these ATMs with 2,259 installations. It is followed by Canada, Austria, and the UK with 669, 241, and 204 ATMs respectively. Utah has 12 ATMs, one in Bountiful City, nine in Salt Lake City, and two in West Jordan. According to a KSL report, CoinCloud, a Las Vegas-based cryptocurrency startup operates 11 of Utah’s ATMs. BTC Utah reports that most organizations like cryptocurrency payments because of their low costs. (KE)

13 days ago

Data: These Six Coins Lose Market Cap Positions

According to a report published by Nulltx, the market capitalizations of six top cryptocurrencies have been declining in the recent past. Veritaseum which currently has a market cap of $36.07 million has been the hardest hit token, losing 68 positions in market cap rankings to settle outside the top 100. SALT has lost 55 market cap positions in the past six months. DigixDAO and Factom have not been spared in the decline. The two have lost 55 and 52 market cap positions respectively. SysCoin, whose market cap stands at $47.34 million has dropped 41 positions. (SK)

25 days ago

Crypto Lending Platforms Compared

Crypto lending is still a new space which took off last year, and has a lot of competition. Startups offer fiat loans, with Cryptocurrencies as collateral so that you don't have to sell them. Some of the most popular services are SALT, Nexo, ETHLend and BlockFi. SALT is available in 33 US states, UK, and New Zealand. But it has suffered massive losses and its CEO left the company abruptly. The lending process is very lengthy. Nexo offers fixed interest loans, but it is high at 8%. ETHLend allows a wide variety of ERC20 tokens as collateral, but the interest compounds to 37% annually. BlockFi offers the cheapest rates, but it is fully centralized and BitFi is the lender. (VS)

2 months ago

More Stamps Global Enables Travel With 40+ Cryptocurrencies

Blockchain startup More Stamps Global is enabling cryptocurrency users worldwide to travel using crypto. Customers can book flights, hotels, rental cars, and more worldwide, with more than 40 different cryptocurrencies. Apart from major cryptocurrencies like Bitcoin and Ethereum, it supports currencies like OmiseGo, Augur, iExec, Salt, 0x, and BAT. Also, the company offers vacation packages and customized itineraries for cryptocurrencies. (VS)

2 months ago

More Stamps Global Launched to Open Doors for Travelling Globally

More Stamps Global has been launched in a bid to give customers freedom of movement globally. With the launch, customers will now be booking flights, hotels and rented cars globally in forty cryptocurrencies. Some of the currencies accepted include among others BAT, BCH, Bancor, ETH, LTC, and Salt. The bookings and payments can be made online. (VK)

2 months ago

SALT After CEO's Departure

Last month, Shawn Owen, the CEO of SALT abruptly decided to leave the company, which caused confusion and rumours of exit scam in the community. The company then placed Bill Sinclair as its interim President and CEO. Also, SALT refused a buy-out from Nexo, one of its biggest competitors. Additionally, SALT's development team continued to make progress throughout this time Sinclair said they have no interest in selling. SALT also expanded to 35 US states and introduced a new PoA program to give flexible loan structures. SALT is currently priced at $0.4669, gaining 2.85% in the last 24 hours. (VS)

2 months ago

Blockchain Based Review Site Rises $1.4 Million In Seed Round

Reviews on any site is usually taken with a grain of salt because there are a ton of fake reviews out there. Review.Network is a startup that is looking to solve this problem using blockchain. the startup awards useful reviews, while penalizing fake and misleading reviews. Review.Network has now raised $1.4 Million in a seed round from undisclosed private investors. The money will be used to grow the team and develop the platform. (VS)

2 months ago

Cryptocurrency-collateralized Loan Provider SALT Lending Operational in 35 States

Salt lending has announced that it is now operating in 35 U.S. states since it has received regulatory approval to expand its network to 20 new localities. Borrowers can stake their bitcoin and other cryptocurrency assets as collateral when applying for a loan. The 20 new states include Florida, North Carolina, Virginia, and Oklahoma, etc. Salt aspires to be operational in 50 states by the end of next year. The expansion announcement comes just weeks after SALT founder and former CEO Sean Owen abruptly left the organization. (RL)

2 months ago

SALT, a Crypto-Backed Loan Provider, Ventures into 35 New US States

SALT, a loan provider which uses cryptocurrencies as collateral, has announced an expansion into 35 states. The firm allows users to borrow funds against their cryptocurrency holdings. SALT has an app that enables users to use different tools to access and service loans. Bill Sinclair, the CEO of the company, said that expanding into the new states has not been easy since the regulations and laws vary from state to state. (KE)

2 months ago

Nexo Offers to Buy Rival Salt Lending's 'Qualifying Assets'

During a recent CNBC interview, Metodiev, the Head of Corporate Finance at Nexo, a crypto-backed loaning platform, explained that since Salt Lending has got some problems chasing them, Nexo indeed sent a letter of intent to Salt to acquire the qualifying assets’, which would be in line with Nexo's lending criteria. The official noted that they came in with our pure intention to help. Salt Lending is a blockchain-backed lending platform. Last week, the CEO of Salt Lending, Shawn Owen, left the firm providing no prior information. (RL)

2 months ago

Security Firm Claims Telegram Passport Is Vulnerable To Brute Force Attacks

Telegram recently launched Telegram Passport for ICOs to do their KYC process in just one step. However, according to cryptographic software and services developer Virgil Security, the new feature is vulnerable to brute force attack. Telegram uses SHA-512, a hashing algorithm that is not meant to hash passwords. This leaves passwords vulnerable to brute force attacks, even if they are salted. (VS)

2 months ago

Nexo Offers To Buy Out SALT Amid Exit Scam Rumors

SALT has been accused of an exit scam due to an unexpected departure of its CEO. Its competitor Nexo has now published a Letter of Intent to purchase SALT's remaining qualifying assets. If the offer is accepted, Nexo will provide a funding capacity of up to $2 million per customer of SALT’s outstanding loan applicants. Nexo has also offered to accept SALT tokens as collateral for a smoother transition. Nexo is worried that SALT's bad reputation would affect the entire crypto-lending industry. Nexo (NEXO) is priced at $0.104, gaining 14.6% in the last 24 hours, and SALT is priced at $1.07, gaining 0.28%. (VS)

3 months ago

Nexo Extends a Lifeline to Salt Lending with Buyout Offer

Switzerland-based crypto-backed loans startup Nexo is pursuing a takeover of Salt Lending (SALT). Nexo sent Salt a letter of intent to acquire the “remaining qualifying assets” in Salt’s portfolio. In particular, Nexo has offered to buy Salt’s crypto-backed “outstanding loan receivables.” Nexo said in a tweet that its offer would “provide instant liquidity to its community, up to $2,000,000 per client without "proof-of-access" requirements.” SALT is down 3% in the last 24-hour period. NEXO is advancing 23%. (GT)

3 months ago

SALT Lending Announces Upcoming Changes

SALT recently posted a blog detailing big changes that impact the flexibility, security and reach of their program. The platform teased users with the following statement: “Just a few things you can expect in the coming days: Dynamic pricing of SALT to echo the industry, not just the company; Ability for borrowers to use SALT to adjust their own interest rates; More than doubling of our approved lending jurisdictions” (JF)

3 months ago

Commentary: To Achieve Success in Crypto, Leverage Twitter Accounts

According to James Tennant of Converge, investors who wish to achieve success in the cryptocurrency market need to leverage information from influential Twitter accounts. Tennant suggested following @aantonop, @vitalikbuterin, @satoshilite, @starkness, @shingolavine, and @Melt_Dem. Tennant further added that in a Twitter universe that is filled with self-proclaimed experts, advice should be taken with a pinch of salt. (VK)

3 months ago

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